Strattec Security Co. (NASDAQ:STRT) Short Interest Up 23.6% in November

Strattec Security Co. (NASDAQ:STRT) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 6,800 shares, a growth of 23.6% from the November 15th total of 5,500 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,100 shares, the days-to-cover ratio is currently 0.4 days.

Strattec Security Price Performance

Shares of STRT traded down $0.51 during trading hours on Monday, reaching $43.46. The stock had a trading volume of 18,848 shares, compared to its average volume of 14,937. Strattec Security has a 12 month low of $21.05 and a 12 month high of $44.26. The stock has a market capitalization of $178.23 million, a PE ratio of 10.95, a PEG ratio of 1.59 and a beta of 1.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 2.18. The company’s 50-day moving average is $39.90 and its two-hundred day moving average is $33.99.

Strattec Security (NASDAQ:STRT) last issued its earnings results on Monday, November 4th. The auto parts company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.56 by $0.36. Strattec Security had a return on equity of 7.12% and a net margin of 2.93%. The company had revenue of $139.05 million during the quarter, compared to the consensus estimate of $139.32 million. During the same period last year, the business posted $1.05 EPS. Research analysts expect that Strattec Security will post 2.76 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Strattec Security from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th.

Hedge Funds Weigh In On Strattec Security

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of Strattec Security by 11.1% in the second quarter. Renaissance Technologies LLC now owns 85,106 shares of the auto parts company’s stock worth $2,128,000 after buying an additional 8,500 shares in the last quarter. De Lisle Partners LLP grew its stake in shares of Strattec Security by 11.2% during the third quarter. De Lisle Partners LLP now owns 43,094 shares of the auto parts company’s stock valued at $1,830,000 after buying an additional 4,355 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Strattec Security by 5.9% during the third quarter. Geode Capital Management LLC now owns 41,618 shares of the auto parts company’s stock worth $1,776,000 after purchasing an additional 2,314 shares during the period. Acuitas Investments LLC purchased a new stake in shares of Strattec Security during the second quarter worth about $925,000. Finally, Factorial Partners LLC purchased a new stake in Strattec Security in the third quarter worth about $1,346,000. Hedge funds and other institutional investors own 68.91% of the company’s stock.

Strattec Security Company Profile

Strattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company provides mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products.